On February 3, 2026 (GMT-5), Bitcoin (BTC) staged a technical rebound in a bearish overall market, bouncing from an intraday low of $74,565 to trade around $78,371 with a 3.53% 24-hour gain, hitting a daily high of $79,349 and closing near the current level, accompanied by a 24-hour trading volume of $16.68 billion and a market cap of $1.56 trillion. Technically, BTC found strong support at the $74,500-$75,000 zone, a level near MicroStrategy’s cost basis and the April 2025 low, while facing stiff immediate resistance at $79,300-$79,500 due to selling pressure from short-term holders, with the key integer level of $80,000 acting as a further upside barrier and intraday dynamic support at $76,800. The 14-period RSI stood at 29.71 in the oversold territory, signaling short-term recovery potential, yet the overall trend remained bearish as BTC stayed below the 20-period EMA, with the MACD showing a negative histogram and no bullish reversal confirmed. Market sentiment was cautious amid the Fed’s hawkish policy expectations and tepid institutional ETF inflows, with spot selling pressure easing on-chain but speculative activity in derivatives markets remaining sluggish; BTC’s short-term direction hinges on a breakout of the $79,500 resistance or a breakdown of the $74,500 support, with a break below the latter opening downside towards the $70,000 psychological level.

The market outlook for tomorrow is bullish, with a target price of 84256.45.

This content is for informational/entertainment purposes only—a friendly market recap, not investment advice or a “green light” to trade crypto. Crypto markets are volatile (a wild ride!), so trade wisely, manage risk, and act at your own peril: all profits/losses are yours, and you bear full responsibility. May the crypto odds be with you, but caveat emptor (kind of)!